An asset purchase agreement is the legal document that will govern the transfer of ownership of a business's assets from the seller to the buyer. If you bought the property used, and do not know what the original buyer paid, state what you paid with a note that you purchased it used.Ensures that County purchases are compliant with the Local Government Code, federal regulations and policies and performs related duties as required. Find out more about the Asset Seizure team. Tax is imposed on the leasing company's Texas purchase of a motor vehicle and is due at the time of titling and registration.